CHHE501(c)(7) · MEDIUMNAICS 713910EIN 84-0166310
Cherry Hills Country Club
Cherry Hl Vlg, CO · founded 1934
14 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$26.78M
▲ 0.0% YoY
FY23 Total Expenses
$22.95M
▲ 0.0% YoY
Operating Margin
14.3%
revenue minus expenses ÷ revenue
Employees
315
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2023 · as filed
Revenue
$26.8M
▲ 52.5% / 5y
Expenses
$22.9M
▲ 60.3% / 5y
Total Assets
$106.8M
▲ 63.5% / 5y
Total Liabilities
$51.3M
▲ 187.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $17.6M | $17.6M | $19.5M | $26.8M | $26.8M | +52.5% |
| Expenses | $14.3M | $14.3M | $15.3M | $22.9M | $22.9M | +60.3% |
| Net surplus | $3.2M | $3.2M | $4.2M | $3.8M | $3.8M | +18.2% |
| Total assets | $65.3M | $65.3M | $85.4M | $106.8M | $106.8M | +63.5% |
| Total liabilities | $17.9M | $17.9M | $33.8M | $51.3M | $51.3M | +187.3% |
| Net assets | $47.5M | $47.5M | $51.6M | $55.5M | $55.5M | +16.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
LANCE SABELLA CHIEF OPERATING OFFICER· 40h/wk | $472,676 | $18,961 |
ANDREW SHUCK Head Golf Professional· 40h/wk | $434,562 | $22,928 |
JOSH HESTER Golf Course Superintendent· 40h/wk | $232,939 | $21,538 |
ANDREW TUZZEO CLUBHOUSE MANAGER· 40h/wk | $190,458 | $16,523 |
MARSHALL CARPENTER Director of Racquets· 40h/wk | $158,442 | $17,749 |
SHANE LEBARON Head Golf Professional· 40h/wk | $141,522 | $12,271 |
SAMMY TEBIB Controller· 40h/wk | $134,064 | $7,589 |
+ 12 unpaid officers/directors as reported (BRADLEY J MOODY, BRADLEY O'DONNELL, CHRISTOPHER MANLEY, +9 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| I2 Construction DENVER, CO | Construction & renovation | $1,652,074 |
| Mark P Finlay Architects Aia SOUTHPORT, CT | Course architecture | $1,028,948 |
| Cuvee Design And Developmen DENVER, CO | Construction & renovation | $397,240 |
| James M Vosburg PARKER, CO | PROFESSIONAL TREE TRIMMING SERVICE | $251,995 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $10,747,188 |
| INITIATION FEES | $3,779,796 |
| SPECIAL ASSESSMENTS | $3,633,605 |
| CAPITAL REPAIRS & REPLACEMENT FEE | $2,840,186 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$44.2M
▲ $22.1M new borrowing
Net land, buildings & equipment
$98.7M
book value, net of depreciation
Facility age
23%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $215,795 |
| Occupancy | $1,139,856 |
| Depreciation & depletion | $3,453,566 |
| Information technology | $44,263 |
| Office expenses | $856,124 |
| Legal fees | $40,420 |
| Accounting fees | $36,000 |
| Other professional fees | $280,608 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
CHERRY HILLS COUNTRY CLUB RETIREMENT SAVINGS
pension · 170 participants · $3.7M assets · FY2024
CFounded in 1934, Cherry Hills Country Club reported $26.78M of revenue for FY23, at an operating margin of 14.3%. Revenue moved up 0.0% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
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